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FDR was inaugurated as the 32nd president of the United Sates. In his inaugural address, he included his now famous quote, “The only thing we have to fear is fear itself”. He outlined his ideas for the New Deal to combat the Great Depression. -
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President Roosevelt closed all banks from March 6th-9th in 1933 during the First New Deal. Across the nation to prevent further banking withdrawals. It was done to restore the public's confidence in the financial system by allowing government inspections, reorganizing weak banks, and allowing some banks to open. This was a recovery act to try and stabilize the banking system and public confidence in the banking system
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The CCC was designed to offer relief for the unemployed and help the economy recover by creating more jobs. It offered jobs to two million unemployed, unmarried, and often uneducated men through construction, reforestation, and fire prevention projects. -
The (WPA) was an agency created on May 6th 1933 during the Second New Deal. Basically Congress would set aside 5 billion dollars to employ the unemployed. It established a national work relief program through large scale public work projects and employed 8 million people. -
The government paid farmers to destroy their crops and produce less in a recovery effort to stimulate the agriculture industry. The goal was to reduce crop surpluses to increase crop prices. In 1936, the processing tax associated with the act was declared unconstitutional. -
The passed the Tennessee Valley Authority in May 18th 1935, to build dams to bring electricity to the south and to create new jobs. This act was passed during the First New Deal, this is an act of reform with some components of relief. Its overall goal was to create long-term economic development, but it also provided immediate relief and jobs. -
The NIRA reformed the industrial side of the economy. It set minimum wages, maximum hours, and allowed union memberships.They also temporarily suspended anti-trust laws, which was a controversial feature of the act. -
The Wagner Act was passed during the Second New Deal on July 5th 1935. It aimed to reform labor systems. It guaranteed workers the right to organize into unions and to bargain collectively with their employers for better wages and working conditions. -
The Social Security Act was passed on August 24th, 1935, during the Second New Deal. It offered relief to those unable to work or retiring. The elderly and unemployed could have compensation through government funding. Later, benefits for disabled and medical assistance were added. -
The Public Utility Holding Company Act gave the federal government authority to regulate banking. It required bank holding companies to be supervised by the government. It was intended to reform how banking worked to prevent another recession.
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The Revenue Act was passed on August 30th 1935 during the Second New Deal where it aimed to reform the tax system and address perceived injustices, while it also helped fund relief and recovery programs, the acts themselves were passed to be long-term fixes, like closing tax loopholes or creating new taxes on the wealthy.